Last month's PCE data (see below) sparked a market rally because it came "in line" and eased fears of rising inflation.

This is what Jan's in line data looks like after revisions:

PCE 0.4% MoM, Exp. 0.3%
Core PCE 0.5% MoM, Exp. 0.4%

PCE 2.4% YoY, Exp. 2.4%
Core PCE 2.9%,… https://t.co/LWSdXNuwqV

— zerohedge (@zerohedge) March 29, 2024